Many small and medium-sized businesses have suffered greatly during the COVID-19 pandemic. Some have even been forced out of business. The losses are staggering and far from over. Watching our community struggle has added even more sadness to this already tough time.
Business owners have understandably wondered whether they might have insurance coverage to help with these financial losses. Many business insurance policies offer coverage for:
- Business interruption
- Business income
- Civil authority
- Dependent property
- Extra expenses
These options, and some others, could help you weather this crisis. Along with government loans and support, business insurance can provide the resources you need to pay basic expenses despite a loss of income.
Unfortunately, insurance companies have refused so far to take these claims seriously. Most have adopted a policy of blanket denial. They are simply turning business insurance policyholders away without seriously considering their losses.
Certain Types of Business Insurance Might Cover Your Losses—Let Us Help You Make and Defend Your Claim Today.
There’s no doubt some business policies will not cover losses associated with COVID-19. After the SARS outbreak, many insurers were granted permission to exclude any losses due to infectious illness or disease from their coverage. However, some business insurance policies either use unclear language to outline their exclusions. Others never added exclusions at all; their contracts may not specifically say they will cover losses due to the pandemic, but other clauses may provide the basis for a legitimate claim.
If your claim has been denied, we advise you to speak to our attorneys before making any further decisions. Unfortunate though it is, many insurers count on clients either not knowing their rights or feeling too overwhelmed to challenge an unfair refusal to pay.
If you are seeking legal representation to file a business interruption claim or seeking justice from a wrongfully denied claim, contact our Clearwater team today at (727) 877-1212 or email us directly.
Who Can Make a Case for Compensation?
Businesses that have been affected by the COVID-19 shutdowns and that could be able to receive remuneration via certain insurance policies include:
- Accounting services
- Apparel
- Automotive suppliers
- Construction
- Dental practices
- Dermatologists
- Doctor’s offices
- Employment services
- Film production
- Fitness/gyms
- Lodging /hospitality
- Manufacturing
- Movie theaters
- Restaurants
- Retail
- Shipping
- Surgical groups
- Transportation
- Travel
There’s a relatively easy way to find out if you may have an insurance claim: Have you lost business due to government orders, supply chain disruption, or other systemic changes caused by the novel coronavirus? If you are in such a situation, our attorneys can help you determine whether your insurer might have to compensate you for your losses.
Learn Your Options Free of Charge
For business owners who are already struggling, we don’t want to add another expense—especially because no one knows how much the situation may or may not change over the upcoming months. If you want help understanding your insurance contract and legal options, we will set up a free initial consultation and insurance review. If you decide to retain our firm afterward, you will not pay any fees or costs if we’re not able to recover compensation for you.
Like you, our firm is doing our best to balance the health and safety of our employees with the needs of our clients and community. Even as stay-at-home restrictions begin to relax, we want to ensure you feel completely safe and comfortable seeking help. Therefore, our team invites you to ask about our contact-free options: We are offering consultations and services via phone, email, and videoconferencing so you can seek legal support from your home.
Like everyone else, our normal systems have been interrupted—but attorneys, insurance companies, and even courts are finding ways to maintain their essential functions so you don’t have to spend time you don’t have waiting for help.
We have over 60 years of combined experience litigating insurance claims and offer aggressive expertise representing businesses and other claim holders against major insurance companies. Call us 24/7 at (727) 787-2500 or send a message now to learn what your legal options are.
